Hotels, Motels & Cruise Lines
Royal Caribbean Cruises Ltd:Says the company and Ctrip.com International Ltd announces that they have agreed to form a strategic partnership through SkySea Cruises, a joint venture which is designed to serve the Chinese cruise market.Royal Caribbean and Ctrip will each own 35 pct of the new company, with the balance being owned by SkySea management and a private equity fund. The transaction is expected to close before the end of Nov.
Intrawest Resorts Holdings Inc:Says the hiring of Thomas F. Marano as the Chief Executive Officer, effective immediately.Marano to serve on the company's board as well.Says William A. Jensen has tendered his resignation as CEO, for personal reasons.
New Century Group Hong Kong Ltd:Expects to record a substantial increase of about 390 pct in profit attributable to owners of the company for the H1 2015 as compared to that for H1 2014.
Hotel Grand Central Ltd:Company has incorporated wholly owned subsidiary in Singapore known as Chancellor @ Orchard Pte. Ltd. with paid up capital of $2.00.The formation of said subsidiary will not have any effect on the consolidated net tangible assets per share and consolidated earnings per share of company for current FY ending Dec. 31.
Peak Resorts, Inc:Announces pricing of its initial public offering of 10,000,000 shares of its common stock at a price to the public of $9.00 per share.Says the shares will begin trading on the NASDAQ Global Market on Nov. 21, 2014, under the ticker symbol "SKIS".Says all of the 10,000,000 shares in the offering are offered by Peak Resorts.Says the underwriters also have been granted a 45-day over-allotment option to purchase up to an additional 1,500,000 shares from the company on the same terms and conditions.Says the shares are expected to be delivered on or about Nov. 26, 2014.Says the net proceeds of the offering are expected to be about $82 million.Says the company intends to use the funds primarily to reduce outstanding debt with the remainder available for working capital and general corporate purposes, including future acquisitions.Says FBR and Stifel are serving as active joint book-runners for the offering.Says Baird is also serving as a book-runner for the offering. Janney Montgomery Scott and Oppenheimer are acting as co-managers for the offering.
Norwegian Cruise Line Holdings Ltd:Announced acquisition of Prestige Cruises International, Inc. (Prestige), in cash and stock for a total transaction consideration of $3.025 billion, including the assumption of debt.
Heng Fai Enterprises Ltd:Says based on the preliminary assessment and information currently available to the Board.Expects the group to record a consolidated net profit for H2 2015 as compared to loss for H2 2014.
Kingston Financial Group Ltd:Anticipates to report significant increase in profit for H1 2015, which is primarily attributable to, among other factors, increase in income from securities brokerage, underwriting and placements, margin and IPO financing business.